Note 17 - Recently Issued Accounting Pronouncements |
3 Months Ended |
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Sep. 30, 2011 | |
| Description of New Accounting Pronouncements Not yet Adopted [Text Block] |
(17) Recently
Issued Accounting Pronouncements
In
June 2011, the Financial Accounting Standards Board
(“FASB”) issued ASU 2011-05,
“Presentation of Comprehensive Income”. This
ASU increases the prominence of items reported in other
comprehensive income by eliminating the option to present
components of other comprehensive income as part of the
statement of changes in stockholders’ equity. The
amendment requires that all non-owner changes in
stockholders’ equity be presented either in a single
continuous statement of comprehensive income or in two
separate but consecutive statements. The amendments do not
change the items that must be reported in other
comprehensive income, This ASU is effective for the
Company’s financial statements for annual and interim
periods beginning on or after December 15, 2011 (July 1,
2012 for the Company), and must be applied
retrospectively.
There
have been no changes in our internal control over financial
reporting (as such term is defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act) during the fiscal quarter
ended September 30, 2011 that have materially affected, or
are reasonably likely to materially affect, our internal
control over financial reporting.
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